Port Cities UK Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 12918123

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS

CURRENT ASSETS
Debtors	4	721		-
Cash at bank and in hand		527		2,309

		1,248		2,309
Creditors: Amounts Falling Due Within One Year	5	(121,696 )		(112,289 )

NET CURRENT ASSETS (LIABILITIES)			(120,448 )		(109,980 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(120,448 )		(109,980 )

NET LIABILITIES			(120,448 )		(109,980 )

CAPITAL AND RESERVES
Called up share capital	6		5,000		5,000
Profit and Loss Account			(125,448 )		(114,980 )

SHAREHOLDERS' FUNDS			(120,448)		(109,980)

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Gaspard Dessy

Director

15/09/2026

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Port Cities UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12918123 . The registered office is Grosvenor House, 11 St Pauls Square, Birmingham, B3 1RB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

Following the end of the reporting period, on 31 August 2026, the company ceased trading.

The directors have determined that the conditions which led to cessation arose after the balance sheet date and represent a non-adjusting post-balance sheet event of such materiality that it affects the basis on which the financial statements are prepared.

The financial statements have consequently been prepared on a break-up basis. The following adjustments have been made to reflect this:

All assets have been restated at their estimated net realisable value, being the amount expected to be recovered on an orderly realisation. Where realisable value is lower than carrying value, assets have been written down accordingly.

Assets and liabilities have been reclassified as current where they would previously have been presented as non-current, as the distinction is no longer considered meaningful.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services plus the recharge of expenses. Turnover is reduced for estimated customer rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

25% per annum on cost

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: 1)

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Port Cities UK Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	690	-
VAT	31	-

	721	-

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	1
VAT	-	1,082
Other creditors	121,696	94,900
Accruals and deferred income	-	16,306

	121,696	112,289

6. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	5,000	5,000

7. Related Party Transactions

During the year, the company procured services amounting to £26,678 from its Parent Company, Port Cities International Limited, a company based in Hong Kong. These transactions were carried out on arms-length commercial terms.

On 31 December 2025, other creditors included a loan of £115,672 owed to the company’s Parent Company, Port Cities International Limited, on which interest is charged at 2% per annum.

8. Parent Undertaking and Controlling Party

The company's immediate and parent undertaking is Port Cities International Limited . Port Cities International Limited was incorporated in Hong Kong. Copies of the group accounts may be obtained from the secretary, 1. Port Cities International Limited, 19/F, Hua Fu Commercial Building, Room 1902, 111 Queen’s Road West, Sheung Wan, Hong Kong . The ultimate controlling party is Mr Gaspard Dessy who controls a majority of the shares of Port Cities International Limited .

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